Shares of Yiren Digital Ltd. (NYSE:YRD - Get Free Report) shot up 7.4% during mid-day trading on Thursday . The company traded as high as $6.80 and last traded at $6.88. 97,533 shares were traded during mid-day trading, a decline of 32% from the average session volume of 144,282 shares. The stock had previously closed at $6.40.
Yiren Digital Price Performance
The company has a market cap of $605.71 million, a P/E ratio of 2.42 and a beta of 0.76. The company has a 50 day moving average of $6.22 and a 200-day moving average of $5.95.
Yiren Digital (NYSE:YRD - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%. The firm had revenue of $198.95 million for the quarter.
Yiren Digital Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.22 dividend. This represents a yield of 2.6%. The ex-dividend date was Wednesday, April 30th. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. Yiren Digital's payout ratio is currently 15.94%.
Institutional Trading of Yiren Digital
Several institutional investors and hedge funds have recently made changes to their positions in YRD. AXA S.A. raised its position in Yiren Digital by 80.7% during the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company's stock valued at $55,000 after purchasing an additional 5,165 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Yiren Digital during the 4th quarter valued at about $61,000. Invesco Ltd. purchased a new position in shares of Yiren Digital during the 4th quarter valued at about $71,000. Atria Wealth Solutions Inc. purchased a new position in shares of Yiren Digital during the 1st quarter valued at about $103,000. Finally, American Century Companies Inc. bought a new stake in Yiren Digital in the 4th quarter worth approximately $107,000. Hedge funds and other institutional investors own 1.99% of the company's stock.
Yiren Digital Company Profile
(
Get Free Report)
Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.
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